Due to renewable fuels: Federal Council plans a sneaky rise in oil prices, according to TCS

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Will the new CO₂ law mean a hidden oil price increase in Switzerland? TCS warns about this.

Driving may soon become more expensive. Because the Federal Council wants to increase the rate of renewable fuel in gasoline and diesel. That’s what it says in the revised draft of the CO2 law. The State Council’s Environmental Commission will discuss this on Monday. TCS Transport Association President Peter Goetschi now warns in the “SonntagsZeitung”: “With the draft law, the Federal Council is planning a covert increase in the price of oil.”

Goetschi says the planned obligation to add up to 10 percent renewable fuel “could make it significantly more expensive to drive.” He refers to the calculations of the Fuel Importers Association. This predicts a price increase of 10 to 12 centimeters per liter of gasoline and diesel, because the supply costs of biofuels are “about twice as high” than fossil fuels.

Fuel must remain affordable

Goetschi emphasizes that TCS supports climate goals. This is how the climate protection proposal was approved. However, in the association’s opinion, the Federal Council is clearly going too far with the new fuel clause: Without a price tag and an upper limit, the government’s plan is “unacceptable”.

Fuel must remain affordable for everyone. Goetschi recalls that after the CO₂ law was rejected two years ago, the Federal Council promised to “refrain from raising prices next time”. (cut)

Source :Blick

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Tim

Tim

I'm Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor's Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.

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